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Operational Risk
Indian Banks Face “Serious Governance and Risk Issues” – S&P
By Garima Chitkara | 16/04/2018
In light of recent NPA and governance issues at large private banks in India, S&P says Indian banks need an overhaul to enhance risk culture and governance.
Liquidity Risk
China Restricts Borrowings, Suspends OTC Options to Curb Brokerage Risks
By JP Reimann | 16/04/2018
Central bank will cap outstanding balances of short-term financing tools at 60% of a brokerage’s net capital; cap to be adjusted every six months based on brokers’ liquidity profiles.
Resolution & Recovery
Japan, China Urge EU Regulators to Relax Foreign D-SIB Rules
By Manesh Samtani | 16/04/2018
Joint letter from Japan, China banking associations say €30bn IPU threshold will make provision of financial services in the EU unsustainable for member banks.
Credit Risk
RBI Fines IDBI Bank for Bad Loan Provisioning Failures
By Garima Chitkara | 13/04/2018
RBI fines state-owned lender IDBI Bank INR30 million for non-compliance with bad loan recognition and provisioning norms; ruling will not have a material impact on the bank, said IDBI.
Credit Risk
Sri Lanka Makes Credit Ratings Compulsory for Finance Companies
By Editors | 13/04/2018
Licensed finance companies are required to enter into agreement with reputed credit agencies to obtain ratings by 30 April.
Clearing & Post-Trade
Exempt Post-trade Risk Reduction Services from EMIR Clearing Obligations – ISDA
By Garima Chitkara | 12/04/2018
ISDA white paper touts compression and counterpart rebalancing as “crucial” post-trade risk management tools that should be exempt from clearing obligations under EMIR.
Emerging Prudential Risks
China to Introduce National Financial Database in Fight Against Systemic Risk
By Garima Chitkara | 12/04/2018
China looking to build a national database of financial products and institutions in order to improve monitoring and supervision and fend off systemic financial risk.
Clearing & Post-Trade
CPMI-IOSCO Publish Multi CCP Stress Testing Framework
By Editors | 12/04/2018
Framework supports stress tests examining potential macro-level impact of common stress event affecting multiple CCPs to gauge interdependencies between markets, CCPs and other entities.
Trading & Investment
Samsung Securities Dividend Error Prompts Industry Wide Probe
By Manesh Samtani | 12/04/2018
The firm mistakenly paid out dividends worth 33 times its market cap; FSS will inspect how unauthorised ‘ghost stocks’ were sold by employees.
Resolution & Recovery
Singapore Issues TLAC Consultation
By Editors | 12/04/2018
Monetary Authority aims to bring Singapore in line with Basel III capital treatment of capital holdings from January next year.
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